A type of supplier relationship where the majority of spend in a particular commodity area is consolidated through one vendor in order to obtain the most competitive pricing and services terms through spend leverage. The buyer and supplier then collaborate to market and promote these products and/or services to the campus users in an effort to drive further spend through the preferred supplier. Preferred supplier does not mean a mandate relationship. End users still have the freedom to purchase through the vendor of their choice but are highly encouraged to utilize the Preferred Supplier for reasons of better pricing and services.
A type of supplier relationship where the majority of spend in a particular commodity area is consolidated through one vendor in order to obtain the most competitive pricing and services terms through spend leverage. The buyer and supplier then collaborate to market and promote these products and/or services to the campus users in an effort to drive further spend through the preferred supplier. Preferred supplier does not mean a mandate relationship. End users still have the freedom to purchase through the vendor of their choice but are highly encouraged to utilize the Preferred Supplier for reasons of better pricing and services.